Waco
Texas · Ranked #161 of 373 metros
80Affordable
💡
Housing in Waco costs 3.99× the median income, below the national average of 4.5×. The median home price is $251K and median rent is $1,115/month. Waco ranks #161 of 373 metros for affordability.
Median Home Price
🏠$251K
Need $74K income
Median Rent
🔑$1,115
Need $45K income
Building Permits
🔨1,065
annual
Median Income
💰$63K
Pop: 282,715
Rent Burden
⚠️31.7%
of renters paying >30%
Homeownership
🏡67.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Waco | National |
|---|---|---|
| Price-to-Income Ratio | 3.99x | 6.1x |
| Rent Burden | 31.7% | 31.5% |
| Homeownership Rate | 67.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +59.8%Since 2000: +233.4%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$850/mo
1 Bedroom$996/mo
2 Bedroom$1,240/mo
3 Bedroom$1,599/mo
4 Bedroom$1,644/mo
Zillow Market Data
Home Value (ZHVI)
$249K
1yr: -1.2%5yr: +31.4%
Rent (ZORI)
$1,418/mo
1yr: +1.3%5yr: +32.2%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$863K
Active Inventory
36
Days on Market
93
Sold Above List
0.0%
Price Drops
19.4%